Implied Volatility Alert: ABX, SPY
11/03/09
ABX options active on volatility of 50; gold above $1,079
Barrick Gold Corp. (ABX) is recently up $2.01 to $38.51.
Gold is recently up 2.39% to $1,079.20, according to Bloomberg.
ABX call option volume of 59,637 contracts compares to put volume of 22,182 contracts, according to Track Data.
ABX November option implied volatility is at 50, and December is at 52, above its six-month average of 47, according to Track Data, suggesting non-directional price movement.
SPY November volatility at 25; puts contracts exceeding calls
SPDR S&P 500 ETF (SPY) is recently up 17 cents to $104.48.
SPY options are active on 381,446 call contracts and 566,791 put contracts, according to Track Data.
SPY November volatility is at 25, and December is at 26. SPY 52-week high volatility of 75 was reached on Nov. 20, 2008; the low was 18 on Oct. 22.
Posted at 3:15 p.m.
More Implied Volatility Alerts
Researcher Paul Foster has 23 years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options, and mergers and acquisitions.
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